Vehicle insurance registrations for many NEV companies continued to rebound last week, with Tesla registering significant growth.
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Insurance registrations for most new energy vehicle (NEV) brands in China were flat or up slightly last week compared to the previous week, the latest figures show.
Much of this is likely due to a low base caused by last year's Chinese New Year holiday.
BYD and NIO's numbers were higher than the previous week, while Tesla's were lower than the previous week.
Insurance registrations for NEVs in China by major EV makers rebounded last week, although they have not yet reached the levels seen before the Chinese New Year holiday.
Sales of NEVs in China have declined significantly over the past two weeks, but this is to be expected as the vast majority of last week was during the Chinese New Year holiday.
In the second week of January, China's NEV sales, as measured by insurance registrations, were 99,000 units, up 37.51 percent year-on-year and up 28.61 percent from the previous week.
This article compares the weekly insurance registrations of BYD, Tesla, NIO, XPeng, Li Auto, Zeekr, Volkswagen, BMW, Mercedes-Benz, and Audi's NEVs in China in 2022.
For the five weeks in December, November 28 to January 1, Tesla vehicles had 48,154 insurance registrations in China.
NIO vehicles had 3,141 insurance registrations in the first week of December, 2,982 in the second week and 3,464 in the third week.